liquidation

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Related to liquidated: Liquidated damages

liquidation

Business
a. the process of terminating the affairs of a business firm, etc., by realizing its assets to discharge its liabilities
b. the state of a business firm, etc., having its affairs so terminated (esp in the phrase to go into liquidation)
References in periodicals archive ?
Among the companies liquidated this year, most or 94.9 percent were limited liabilities companies, 63.2 percent had halted their business operations before liquidation, 34.1 percent had a tax debt.
Tugade said no more funds will be given to the OTC until the first P3.3 million released to the office is fully liquidated.
He claimed that BCL was liquidated because government feared a legal tussle with Norilsk but not the position advanced by government that the mine was unsustainable.
This was in violation of Section 89 of Presidential Decree 1445, which requires cash advances to be reported on and liquidated as soon as the purpose for which it was given has been served.
Demurrage as a Provision for Liquidated Damages under UAE Law
"The fourth quarter of 2015 saw 240 loans liquidate with an average loss severity of 58.2%, up significantly from the 210 loans that liquidated with an average loss of 41.9% in the prior quarter," says Senior Vice President, Keith Banhazl.
Global Banking News-March 9, 2016--Avant-Bank to be liquidated
The NCUA liquidated Education Associations Federal Credit Union of Washington Friday.
Chief amongst these mechanisms are liquidated damages clauses that seek to give to an event of breach of the contract at an unpredictable time with unpredictable consequences, certain quantification.
Zero value payment certificates, zero payment, zero liquidated damages; these are some scenarios in which 'zero' causes problems to the construction and engineering industry.
Certain provisions in these agreements (e.g., a "liquidated damages clause") quantify the economic remedy to the firm in the case of the breach of a nonsolicitation or nonservice provision--that is, a liquidated damages clause is an estimate, made by the parties at the time they enter into their agreement, of the extent of the injury that the firm will probably sustain as a result of a breach.